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koban [17]
3 years ago
6

Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal

culating the economic profit of his life-coaching business, the $40,000 income that he gave up is counted as part of the life-coaching business's
A. total revenue.
B. opportunity costs.
C. explicit costs.
D. marginal costs.
Business
1 answer:
Drupady [299]3 years ago
4 0

Answer:

B. Opportunity Cost  

Explanation:

Opportunity cost is the alternative forgone or sacrifice made in other to satisfy another want. it refers to the wants that are left  unsatisfied in other to satisfy another want.

In the case of Jumar, the money he earned as an office manager ($40,000) could be referred to as the opportunity cost when he started his life coaching business.  

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Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had
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Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Original cost = $250,000

Fair value = $300,000

Retail value = $520,000

As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.

Here, Fair value is given.

So, the transaction will be recorded at fair value = $300,000

7 0
3 years ago
Why is cooperative skill important in good trade? give the reasons..​
klio [65]

Answer:

Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.

3 0
2 years ago
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kotykmax [81]

Answer:

consistency corporate culture.

Explanation:

Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future

3 0
2 years ago
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igomit [66]

Answer:

the unit product cost using absorption costing is $119

Explanation:

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8 0
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Which of the following actions has NO impact on your credit score?
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